{"id":19913,"date":"2025-03-31T17:01:55","date_gmt":"2025-03-31T17:01:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19913"},"modified":"2025-03-31T17:01:55","modified_gmt":"2025-03-31T17:01:55","slug":"will-ethereum-price-extend-losses-below-2024-lows-to-1500","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19913","title":{"rendered":"Will Ethereum Price Extend Losses Below 2024 Lows to $1,500?"},"content":{"rendered":"
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Ethereum price teeters at key support and risks dropping to $1,500. With spiking ETH liquidations and whale moves, will bulls hold or fall?<\/p>\n

Ethereum price is under immense selling pressure and on the cusp of extending losses from the past three months, potentially ending Q1 2025 on a low note. When writing, the second most valuable coin is at a critical support level, retesting the zone between $1,700 and $1,800\u2014an established double bottom.<\/span><\/p>\n

\"\"<\/p>\n

(ETHUSDT<\/a>)<\/strong><\/p>\n

Ethereum Price Drops As ETH Liquidations Spike Ahead of Trump Liberation Day<\/span><\/strong><\/h2>\n

If prices crack below $1,700, Ethereum could march toward $1,500, extending losses well below the 2024 lows. This move would likely wash out more leveraged bets, looking at <\/span>Coinglass data<\/span>. <\/span><\/p>\n

As of March 31, ETH liquidations outpaced those of Bitcoin and some of the <\/span>best cryptos to buy<\/span><\/a>, such as Solana and Cardano. <\/span><\/p>\n

In the last 24 hours alone, $73 million of the $264 million in long liquidations were ETH longs. Over 101,000 traders have been liquidated in that period, with the largest single liquidation being an ETHUSD-long position on Binance, forcing the exchange to sell a $13.3 million long.<\/span><\/p>\n

\"Ethereum<\/p>\n

(Source<\/a>)<\/strong><\/p>\n

ETH USD Support at $1,800: Will Bulls Hold On?<\/span><\/strong><\/h2>\n

Glassnode data also shows that the Ethereum cost basis distribution offers little support at current rates between $1,700 and $1,800. <\/span><\/p>\n

This preview suggests the Ethereum market is weak, and bulls may fail to defend the double bottom, leading to further losses.<\/span><\/p>\n

Glassnode analysts note that addresses with an entry price of $1,800 are not committed and have shown no signs of re-entering, explaining why Ethereum crashed below $1,800 on March 30. <\/span><\/p>\n

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#Ethereum<\/a>\u2019s Cost Basis Distribution shows limited support near current price. Weekly data reveals that addresses with a cost basis at $1.8K haven\u2019t re-engaged, which helps explain why this level failed to hold during the recent sell-off. pic.twitter.com\/iinBRcBFZb<\/a><\/p>\n

\u2014 glassnode (@glassnode) March 31, 2025<\/a><\/p>\n<\/blockquote>\n